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1 | ARTICLE 9 | |
2 | RELATING TO LEASES | |
3 | SECTION 1. This article consists of a Joint Resolution that is submitted pursuant to Rhode | |
4 | Island General Laws § 37-6-2, authorizing various lease agreements for office space and operating | |
5 | space. | |
6 | SECTION 2. Rhode Island Department of State (148 West River Street, Providence). | |
7 | WHEREAS, the Rhode Island Department of State currently occupies approximately | |
8 | 12,152 square feet at 148 West River Street in the City of Providence; and | |
9 | WHEREAS, the Rhode Island Department of State currently holds a lease agreement, in | |
10 | full force and effect, with EGMP 146-148 West River LLC for approximately 12,152 square feet | |
11 | of office and customer service space located at 148 West River Street, in the City of Providence; | |
12 | and | |
13 | WHEREAS, the existing lease expires on July 31, 2026, and the Rhode Island Department | |
14 | of State wishes to enter into a new lease agreement for a period of ten (10) years; and | |
15 | WHEREAS, the State of Rhode Island, acting by and through the Department of State | |
16 | attests to the fact that there are no clauses in the lease agreement with EGMP 146-148 West River | |
17 | LLC that would interfere with the Department of State’s lease agreement or use of the facility; and | |
18 | WHEREAS, the leased premises provide a critical location for the offices of the | |
19 | Department of State from which the agency can fulfill its mission; and | |
20 | WHEREAS, the annual fixed rent in the agreement in the current fiscal year, ending June | |
21 | 30, 2026 is $256,589.52; and | |
22 | WHEREAS, the annual base rent of the agreement in year one is not to exceed $261,268.00 | |
23 | which will be followed by annual increases of 2.5% in years two (2) through ten (10), with year ten | |
24 | (10) not to exceed $326,287.93; and | |
25 | WHEREAS, the payment of the annual base rent will be made from funds available to the | |
26 | Department of State for the payments of rental and lease costs based on annual appropriations made | |
27 | by the General Assembly; and | |
28 | WHEREAS, the State Properties Committee now respectfully requests the approval of the | |
29 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
30 | between the Department of State and EGMP 146-148 West River LLC for leased space located at | |
31 | 148 West River Street, Providence; now therefore be it | |
32 | RESOLVED, that this General Assembly of the State of Rhode Island hereby approves the | |
33 | lease agreement, for a term not to exceed ten (10) years and an aggregate base rent not to exceed | |
34 | $2,927,085.15; and it be further | |
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1 | RESOLVED, that this Joint Resolution shall take effect upon passage by the General | |
2 | Assembly; and it be further | |
3 | RESOLVED, that the Secretary of State is hereby authorized and directed to transmit duly | |
4 | certified copies of this resolution to the Governor, the Secretary of State, the Director of | |
5 | Administration, the State Budget Officer, and the Chair of the State Properties Committee. | |
6 | SECTION 3. Rhode Island Department of Environmental Management, (235 Promenade | |
7 | Street, Providence). | |
8 | WHEREAS, the Rhode Island Department of Environmental Management currently | |
9 | occupies 126,184 square feet at 235 Promenade Street in the City of Providence; and | |
10 | WHEREAS, the Rhode Island Department of Environmental Management currently | |
11 | holds a lease agreement in full force and effect, with Foundry Parcel Fifteen Associates, LLC for | |
12 | 126,184 square feet of office and customer service space located at 235 Promenade Street, in the | |
13 | City of Providence; and | |
14 | WHEREAS, the existing lease expires on July 7, 2026, and the Rhode Island Department | |
15 | of Environmental Management wishes to enter into a new lease agreement for a period of ten (10) | |
16 | years; and | |
17 | WHEREAS, the Department of Administration and Rhode Island Department of | |
18 | Environmental Management received and reviewed proposals for office space that would meet the | |
19 | Department of Environmental Management’s needs; and | |
20 | WHEREAS, upon completing an evaluation of the submitted lease proposals, the Rhode | |
21 | Island Department of Environmental Management wishes to enter into a ten-year lease agreement | |
22 | with Foundry Parcel Fifteen Associates, LLC for 115,328 square feet of office space located at 235 | |
23 | Promenade Street in the city of Providence; and | |
24 | WHEREAS, the State of Rhode Island, acting by and through the Rhode Island Department | |
25 | of Environmental Management attests to the fact that there are no clauses in the lease agreement | |
26 | with Foundry Parcel Fifteen Associates, LLC that would interfere with the Rhode Island | |
27 | Department of Environmental Management’s lease agreement or use of the facility; and | |
28 | WHEREAS, the leased premises provide a critical location for the offices of the Rhode | |
29 | Island Department of Environmental Management from which the agency can fulfill its mission; | |
30 | and | |
31 | WHEREAS, the annual fixed rent in the agreement in the current fiscal year, ending June | |
32 | 30, 2026 is $2,586,772; and | |
33 | WHEREAS, the annual fixed rent of the agreement in each of the first five (5) years of the | |
34 | renewal term will not exceed $2,600,000 and shall not exceed $2,800,000 in each of the remaining | |
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1 | years of the renewal term (or in each of years six (6) through ten (10) of the renewal term); and | |
2 | WHEREAS, the payment of the annual fixed rent will be made from funds available to the | |
3 | Rhode Island Department of Environmental Management for the payments of rental and lease costs | |
4 | based on annual appropriations made by the General Assembly; and | |
5 | WHEREAS, the State Properties Committee now respectfully requests the approval of the | |
6 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
7 | between the Rhode Island Department of Environmental Management and Foundry Parcel Fifteen | |
8 | Associates, LLC for lease space located at 235 Promenade Street, Providence; now therefore be it | |
9 | RESOLVED, that this General Assembly of the State of Rhode Island hereby approves the | |
10 | lease agreement, for a term not to exceed ten (10) years and an aggregate fixed rent not to exceed | |
11 | $27,000,000; and it be further | |
12 | RESOLVED, that this Joint Resolution shall take effect upon passage by the General | |
13 | Assembly; and it be further | |
14 | RESOLVED, that the Secretary of State is hereby authorized and directed to transmit duly | |
15 | certified copies of this resolution to the Governor, the Secretary of State, the Director of the Rhode | |
16 | Island Department of Environmental Management, the Director of Administration, the State | |
17 | Budget Officer, and the Chair of the State Properties Committee. | |
18 | SECTION 4. State of Rhode Island Office of the Public Defender (160 Pine Street, | |
19 | Providence). | |
20 | WHEREAS, the Office of the Public Defender currently occupies approximately 19,777 | |
21 | square feet at 160 Pine Street in the City of Providence; and | |
22 | WHEREAS, the Office of the Public Defender currently holds a lease agreement, in full | |
23 | force and effect, with PK Lamb Properties, Inc. for approximately 19,777 square feet of office | |
24 | space located at 160 Pine Street, in the City of Providence; and | |
25 | WHEREAS, the existing lease expires on July 31, 2026, and the Office of the Public | |
26 | Defender wishes to renew this lease for an additional five-year term; and | |
27 | WHEREAS, the State of Rhode Island, acting by and through the Office of the Public | |
28 | Defender attests to the fact that there are no clauses in the lease agreement with PK Lamb | |
29 | Properties, Inc. that would interfere with the Office of the Public Defender’s lease agreement or | |
30 | use of the facility; and | |
31 | WHEREAS, the leased premises provide a critical location for the Office of the Public | |
32 | Defender from which the agency can fulfill its mission; and | |
33 | WHEREAS, the annual fixed rent in the agreement in the current fiscal year, ending June | |
34 | 30, 2026 is $393,166.76; and | |
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1 | WHEREAS, the annual fixed rent of the agreement in the five (5) years of the renewal term | |
2 | will not exceed $435,093.96; and | |
3 | WHEREAS, the payment of the annual fixed rent will be made from funds available to the | |
4 | Office of the Public Defender for the payments of rental and lease costs based on annual | |
5 | appropriations made by the General Assembly; and | |
6 | WHEREAS, the State Properties Committee now respectfully requests the approval of the | |
7 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
8 | between the Office of the Public Defender and PK Lamb Properties, Inc. for leased space located | |
9 | at 160 Pine Street, Providence; now therefore be it | |
10 | RESOLVED, that this General Assembly of the State of Rhode Island hereby approves the | |
11 | lease agreement, for a term not to exceed five (5) years and an aggregate fixed rent not to exceed | |
12 | $2,175,469.80; and it be further | |
13 | RESOLVED, that this Joint Resolution shall take effect upon passage by the General | |
14 | Assembly; and it be further | |
15 | RESOLVED, that the Secretary of State is hereby authorized and directed to transmit duly | |
16 | certified copies of this resolution to the Governor, the Secretary of State, the Public Defender, the | |
17 | Director of Administration, the State Budget Officer, and the Chair of the State Properties | |
18 | Committee. | |
19 | SECTION 5. This article shall take effect upon passage. | |
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